Is The New Southwest Companion Pass Offer Worth It?

 

The Southwest companion pass (BOGO) on all Southwest flights is hands down one of the best travel perks out there. Normally, you have to earn 125,000 Southwest points to qualify for the pass and it's good for the year you earn it and the following year. Almost two full years if you time it right. 

Is The New Southwest Companion Pass Offer Worth It?

Now Southwest is offering a new bonus credit card offer that includes a limited companion pass. 

The offer just released is to apply for one of the personal Southwest credit cards, spend $5,000 and earn 30,000 Southwest points and a companion pass valid through Feb. 28, 2023. 

So is the new offer worth it?

It may be right for you IF......

Let's run through it so you have all the information and can make the best decision for your travel plans. 

Is The New Southwest Companion Pass Offer Worth It?

First things first. There are a couple of fine print points here that you need to consider:

• You can only hold one Southwest personal credit card at a time. You can see which one I like the best by clicking here. So if you currently have a personal Southwest card, you need to cancel it, wait 30 days and then reapply. Will the offer still be around in 30 days, maybe. 
• When is the last time you got a Southwest bonus? You are only eligible for the bonus every 24 months and it doesn't matter which Southwest card you got the bonus on.  
• Chase 5/24 rule - Chase limits you to 5 cards every 24 months so check your credit report to see if you are eligible. You can get a FREE credit report on Annualcreditreport.com

Now if you still qualify for the bonus, should you go for it? Here are some questions to ask yourself: 

• What kind of value will you get out of the limited companion pass?
• If you go for this limited pass, you will not be eligible to earn the regular pass for the next 24 months. 
• Can your partner get one and then you get the other next year when this one expires? or vice versa
• If cannot qualify for a Southwest business credit card, this might be the offer for you

This offer is good for some people, but you do need to give it some thought before jumping in. If you decide to apply, please use my referral link so I can continue to keep you up to date on FREE travel.